Board Of Trustees For GNAT's Provident Fund Inaugurated

The Ghana National Association of Teachers (GNAT) has inaugurated an eight member Board of Trustees to spearhead the management of the GNAT Provident Fund.

The Board is chaired by Mr Michael Nsiah-Agyapong, with David Ofori Acheampong, Kwame Ahenakwa Quashie, Hannah O. Botchway, Esther Quaye- Sowah, Jane Asare Date, Ransford Kofi Nsiah Lolih and Kofi Fynn as members.

Addressing the inaugural ceremony, the National President of GNAT Ms Phillipa Larsen charged the newly constituted Board to come out with documents to govern the operations of the Fund.

She called on the Board to put in administrative processes and procedures that must be followed strictly to aid in the prompt payment of members without having to go through any form of trauma.

Ms Larsen called on the Board to comply with the law which established the scheme.

Ms Larsen advised the Board to invest in profitable ventures which were free of risk to enable the Fund grow.

She urged the Board to minimize suspicion by members by sharing information formally or informally to enable the members have confidence in scheme.

The Chairman of the Board, Mr Michael Nsiah-Agyapong said the scheme became necessary because two to three years after retirement people become miserable and as a result when others were due for retirement, they felt reluctant to go because they had not prepared adequately.

He said the responsibility handed to them was very huge because many teachers hoped to be supported by the scheme when they went on retirement and assured of the determination of the members to work hard to meet the aspirations of the members of the Fund.